As Bitcoin finally breaks $50k, on-chain data shows BTC indicators look similar to the rally that lead to the ATH earlier in the year. Bitcoin Indicators May Suggest A Repeat Of The ATH Rally From Earlier In 2021 As pointed out by a CryptoQuant post, the derivative exchanges’ reserve has been going down, while the …
Continue reading “As Bitcoin Breaks $50k, Indicators Look Similar To The Rally That Lead To ATH”
Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity. What’s the last big technological change that had the same sort of …
Prominent crypto strategist and trader Michaël van de Poppe is keeping a close watch on XRP, Litecoin and two other altcoins that he says are close to waking up. In a new strategy session, the analyst tells his 116,000 YouTube subscribers that XRP is poised to rally and print a new all-time high. ADVERTISEMENT …
Digital asset manager CoinShares says Ethereum competitor Solana recorded more institutional capital inflows than any other crypto asset last week. In its weekly report, the firm says Solana recorded more than twice the amount of institutional capital than Ethereum. ADVERTISEMENT “Solana, a competitor to Ethereum offering a flexible infrastructure and faster transaction settlement, saw …
Filecoin (FIL) accumulated 65% gains over the past 30 days to reach its highest price since June 8. The recent strength was accelerated after an Aug.6 partnership with Chainlink’s oracle protocol on Aug. 6 allowed the projects to join their grant initiatives to speed up the development of hybrid smart contracts to leverage code running …
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There was widespread celebration across the crypto ecosystem on Aug. 23 after the sight of Bitcoin (BTC) back above $50,000 triggered a resurgence of calls for the top cryptocurrency to reach $100,000 before the end of 2021. Data from Cointelegraph Markets Pro and TradingView shows that the early morning bullish momentum that lifted the price …
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Major cryptocurrency exchange Binance is pushing back against allegations of market manipulation and working against the interest of its users. In a Monday Twitter thread, Binance seemingly laid the blame for any claims of manipulating the crypto market on publications spreading fear, uncertainty, and doubt as well as certain individuals impersonating employees at the exchange. …
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Banking titans JPMorgan and Wells Fargo are gearing up to launch new Bitcoin funds in collaboration with crypto giant New York Digital Investment Group (NYDIG), according to filings with the U.S. Securities and Exchange Commission (SEC). NYDIG is a Bitcoin-focused technology and financial services company and subsidiary of investment management company Stone Ridge Asset Management. …
Global payments giant PayPal is launching cryptocurrency offerings to UK customers for the first time. UK PayPal users, including those in the US, are now able to buy, sell and hold Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) through the company’s website and mobile app. ADVERTISEMENT The move is PayPal’s first …
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Bloomberg, a global business and financial news giant, is expanding its coverage of the crypto markets with a new decentralized finance (DeFi) index. In a new press release, Bloomberg says the company is teaming up with digital asset manager Galaxy Digital to launch Bloomberg Galaxy DeFi Index, which will use the ticker symbol “DEFI.” The …
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XRP could be on the heels of one of the biggest rallies its ever had, according to a closely-followed crypto trader. In a new strategy session, the pseudonymous trader known as Credible Crypto says he believes XRP is destined to reach somewhere between $20-$30 this bull cycle. ADVERTISEMENT Looking at XRP’s abrupt 1000% rally …
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The price of Bitcoin (BTC) is back at the $50,000 level, and there’s little doubt that the 47% positive rally over the past 30 days has been fueled by whale accumulation, institutional adoption and positive remarks from regulators regarding a possible exchange-traded fund (EFT) approval. Despite the positive newsflow, the top traders at crypto exchanges …
Continue reading “Pro traders are mildly skeptical about Bitcoin’s recent return to $50K”
Liquidity market protocol BENQI has reached $1 billion in total value locked, or TVL, less than a week after launching on the Avalanche (AVAX) network, a major milestone that highlights the explosive growth of DeFi lending services. Benqi Finance announced the milestone on Twitter late Sunday, where it thanked its community for the overwhelming support. …
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Bitcoin (BTC) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish with many expecting the resumption of the bull run. Morgan Creek Digital co-founder Anthony Pompliano told CNBC on Monday that Bitcoin could make a blow-off …
Continue reading “Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH”
Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were …
